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In a remarkable display of market confidence, Sangoma Technologies Corporation (SANG) stock has reached a 52-week high, touching the $7.23 mark. According to InvestingPro data, the company currently shows upside potential, with analysts setting price targets between $8.00 and $8.75. This milestone underscores a period of significant growth for the company, with the stock price reflecting an impressive 125.4% change over the past year. The momentum extends beyond the annual performance, with a notable 45.7% gain over the past six months. Investors have shown increasing interest in Sangoma's performance, as the company continues to expand its offerings in the communication and collaboration solutions sector. With a market capitalization of $235 million, the company maintains a strong gross profit margin of 69.5%, though InvestingPro analysis reveals additional insights through 11 key investment tips available to subscribers. The 52-week high represents not just a peak for the year but also a testament to the company's strategic initiatives and market position that have resonated well with the investor community. Discover the complete financial health analysis and detailed valuation metrics in the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Sangoma Technologies Corporation reported a steady growth trajectory during its Q1 2025 earnings call. Despite slight revenue shortfall due to large deal delays and external disruptions, the company has experienced a 6% year-over-year growth in customers with over $10,000 in monthly revenue. New customer bookings have spiked by 42%, and large UCaaS opportunities in the sales funnel rose by 28%.
Sangoma's Q1 revenue was reported at $60.2 million, with adjusted EBITDA reaching $9.8 million, aligning with the high end of the guidance. The company also reduced total debt by $8.7 million and maintained its FY 2025 revenue guidance of $250 million to $260 million and adjusted EBITDA of $42 million to $46 million.
These recent developments indicate Sangoma's continued focus on growth, with strategic investments in technology and market strategies. The company is also well-positioned to capture market share following NEC's exit from the premises business, targeting the mid-size sector. As part of its growth plan, Sangoma's shift to a service-focused revenue mix is expected to increase Monthly Recurring Revenue.
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